Rick and Ann Scott's financial trail leads to Cayman Islands tax haven [View all]
Source: Miami Herald
BY STEVE BOUSQUET Herald/
August 27, 2018 12:27 PMUpdated 1 hour 9 minutes ago
The portfolio of Gov. Rick Scott and first lady Ann Scott includes earnings last year of at least $2.9 million in two dozen hedge funds registered in the Cayman Islands, a well-known tax haven for U.S. and foreign investors.
The investments had a minimum total value of $25 million and a potential value of $62 million, according to the financial disclosure statement Scott filed last month as a U.S. Senate candidate.
The 125-page statement included details of Scott’s blind trust, managed by a New York trustee who’s a former business associate of the governor’s.
“The governor had no role in selecting that investment,” said a spokesman for Scott’s campaign, Lauren Schenone. “The blind trust is managed by an independent financial professional who decides what assets are bought, sold or changed.”
Read more: https://www.miamiherald.com/news/politics-government/state-politics/article217391445.html
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